Daily Archives: June 18, 2014

18Jun

Comex Commodity Trading Signals and Market News –18th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in Asia on Wednesday in mild profit taking with the focus on the upcoming Federal Reserve announcement. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,271.50 a troy ounce, down 0.04%, after hitting an overnight session low of $1,259.00 and off a high of $1,273.50.

Silver for July delivery rose 0.03% at $19.737 a troy ounce. Copper futures for July delivery gained 0.04% at $3.061 a pound.

Crude oil prices gained on Wednesday in Asia after industry data showed a sharp drop in U.S. crude oil stocks. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in August traded at $106.03 a barrel, up 0.15%, after hitting an overnight session low of $105.47 a barrel and a high of $106.67 a barrel.

Brent oil on the ICE futures exchange rose 0.5% to $113.45 a barrel on Tuesday, the highest price since Sept. 9.

Natural gas futures carried Monday’s gains into Tuesday after updated weather-forecasting models continued calling for above- average temperatures to settle in over the eastern U.S. in the coming days, which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.728 per million British thermal units during U.S. trading, up 0.45%. The commodity hit a session high of $4.673 and a low of $4.739. The July contract settled down 0.68% on Monday to end at $4.707 per million British thermal units.

Base metals generally continued their range-bound trade but prices were mostly firmer as various fundamental news supported individual metals. Lead and zinc were modestly higher due to demand-supply data published by the International Lead &; Zinc Study Group (ILZSG), showing both metals to be in deficit in April. Copper ended the session at $6,705 per tonne on Monday and has advanced on Wednesday’s Asian trade, climbing some $17 to the current $6,722 per tonne. Still the metal is stuck in range, trading within a $25 band. Aluminium stayed flat at $1,852 per tonne, while nickel extended its hefty $570 advance on Tuesday. Today’s price is up $42 at $19,162 compared to last night’s $19,120. Nickel notched up another solid advance, closing at $19,120, a $570 gain, even after stocks increased 60 tonnes to 286,728 tonnes. Tin finished $100 higher at $22,550 – there was a 20-tonne stocks fall to 10,880 tonnes. Lead and zinc prices were both firmer today, following the report from ILZSG which saw both metals in supply deficit in April, adding on bullish sentiments. Lead advanced $13 yesterday to end at $2,119 and held on to gains at the current $2,120 per tonne.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1439.75. If it breaks the level of 1430, it can touch the level of 1423 & 1413 respectively. If it sustain above the level of 1449, it can touch the level of 1456, 1466 respectively.

  • SELL PLATINUM-COMEX BELOW 1430 TGTS 1423, 1413 SL 1440.
  • BUY PLATINUM-COMEX ABOVE 1449 TGTS 1456, 1466 SL 1439.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

18Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 18th June 2014

MARKET UPDATES :

  • DBS/POSB ATMs and online banking services were affected by a “connectivity issue” earlier on Monday, which had affected customers trying to withdraw cash and use their NETs cards. In response to queries from The Business Times, a DBS spokesperson confirmed that “all services were fully restored at about 3pm” on Monday.
  • SINGAPORE Airlines’ earnings are the least exposed to rising jet fuel prices as tensions in Iraq escalates, HSBC Global Research said in a report on Tuesday.
  • ALMOST half of employees in Singapore do not think they have the perfect job, according to results from the second quarter Randstad Workmonitor survey released on Tuesday.
  • The survey showed 75 per cent viewed their job only as a way to make a living and nothing more.
  • IN JUST over a year from conceptualisation, Singapore is finally putting into real action its vision to become the world’s first Smart Nation to use technology to enhance transport, healthcare and other public services.

STOCK RECOMMENDATION :

  • SELL JARDINE CYCLE BELOW 43.700 TG 43.400, 43.000, 42.600 SL 44.000

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

18Jun
forex-market-hours

IForex Market Trading Signals and News of 18th June 2014

TRADING TIPS :

  • Forex – Euro at session lows vs. dollar after U.S. inflation data
  • Forex – Dollar higher vs. yen, euro after U.S. data
  • Forex – U.S. dollar rises to session highs against Canadian dollar

EUR/USD
EUR/USD was down 0.24% to 1.3540, holding above the four month trough of 1.3502 struck earlier this month. The pair was likely to find support at 1.3500 and resistance at 1.3586, the session high. The Labor Department said U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier. It was the fastest increase in annual inflation since October 2008.

USD/JPY
USD/JPY was up 0.28% to 101.12 from 101.82 late Monday. The pair was likely to find support at 101.59, the low of June 12 and resistance at 102.40. The Labor Department reported that U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier.

USD/CAD
USD/CAD was up 0.24% to 1.0870, from 1.0843 late Monday. The pair was likely to find support at 1.0834, Monday’s low and a two-week low and resistance at 1.0905. The Labor Department said U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month earlier

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7040/ 1.7070 SL 1.6980
2. Sell GBP/USD Below 1.6930- TG: 1.6900/ 1.6870 SL 1.6960

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

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